This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/mbl077 on 2024-02-15 23:43:35.


The purpose of money is to be a store of value over time to acquire what you need and what you want.

But money which can be inflated, controlled, expired at will of someone else than you mean you not own it really and it’s not a store of value at all.

There is Gold and Silver but actually they can’t be used, there is censorship against them because it’s all about control. The system don’t want your freedom but want you a slave.

So Fiat came a reality in 1971 when gold standard was abandoned, running the inflation (devaluation of money) by printing money at will, in 2009 Bitcoin came, the main idea on Bitcoin was (whitepaper) to have no third party, no trust needed and it’s a failure, because it can be tracked so it can be controlled. And unfortunately, it will be totally regulated and integrated, absorbed inside the system, because Bitcoin ledger is public, it’s a gift to government to trace you by KYC. Be sure in some time, a “black list” or “white list” will be forced upon nodes operators which are in fact like banks, their role is to maintain a network of transaction which they approve or not, and as we saw with Ethereum MEV OFAC compliant, around 50% of Ethereum blocks (so transactions) can be rejected, blocked. In 2014 came Monero, and because it’s impossible to track any transactions, it’s impossible to censor it, Monero can be unaccessible but censorship is impossible, KYC is useless and that’s a big big thing. In a society running to a total control over our money and life, Monero is shield against this mad system, giving you back the control over your own money. Privacy is needed. LET’S GO MONERO